JP Morgan has increased the price target for Reliance Industries. The firm maintains an ‘Overweight’ rating. This is due to a better earnings outlook over the next two years. Reliance shares have faced pressure. This pressure is from earnings cuts in FY25. The retail business is key to the conglomerate’s valuation. An improved growth outlook could drive multiples up.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,